Apollo Silver Announces $25 Million Strategic Investment by Eric Sprott and Jupiter Asset Management

Core Viewpoint - Apollo Silver Corp. is conducting a non-brokered private placement offering of 5,000,000 units at a price of $5.00 per unit, aiming for total gross proceeds of $25,000,000, with participation from its largest shareholders, Eric Sprott and the Jupiter Fund [1][2]. Group 1: Offering Details - The offering consists of 5,000,000 units priced at $5.00 each, totaling $25 million in gross proceeds [1]. - Each unit includes one common share and one-half common share purchase warrant, with warrants exercisable at $7.00 for 24 months [3]. - The Jupiter Fund and Eric Sprott will each subscribe for 2,500,000 units, resulting in ownership stakes of approximately 12.1% and 9.6% respectively, on an undiluted basis [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to fund exploration and development activities across the company's projects, as well as for general working capital and corporate purposes [4]. Group 3: Company Overview - Apollo Silver is advancing one of the largest undeveloped primary silver projects in the US, the Calico project, which has a significant silver deposit and barite credits [7]. - The company also holds an option on the Cinco de Mayo Project in Mexico, known for its high-grade carbonate replacement deposit [7]. - Apollo Silver is led by an experienced management team, positioning the company to deliver value through exploration and development [7].